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The Baghdad Job: Iraq's Missing Billions

Monday, 9 Jan 2012 | 9:00 PM ET

In the earliest days of the war in Iraq, the New York Fed shipped billions of dollars in physical cash to Baghdad. The money came from Saddam Hussein's frozen assets and was meant to help restart the government and restore basic services. Much of it may have been used for that purpose, but hundreds of millions and maybe billions of dollars went missing. As investigators rush to determine what happened to it, CNBC tracked down the last American official responsible for delivering the cash before it disappeared inside the vaults of the Central Bank of Iraq.